 Las vegas condos...need advice.
"Big Mikey" <mikem4454@m> wrote in message
news:1180371067.212612.39020@z28g2000prd. ...
> On May 25, 6:16 am, "Farmer John" <john5...@> wrote:
> > Thought I would toss out a couple of questions for the locals and for
> > anyone, who might have knowledge about the condo market in las vegas.
> > If I were to purchase a condo in vegas, how would it compare with a
single
> > family home, as far as value and appreciation is concerned?
> > Would a condo hold it's value over time, when compared to a single
family
> > house?
> > Do the authorities use the same residential tax rate for condos compared
to
> > single family homes?
> > After renting that condo in vegas last week, I'm thinking that might be
what
> > I need, rather than a SFH with a yard to take care of and other outdoor
> > maintenance tasks.
> > Would appreciate advice, even from the chuckster, since he owns a condo
in
> > vegas.
> >
> > FARMER JOHN.....thinking about selling the farm.
>
> FJ:
>
> First,I really am sorry I could not meet you in LV while you were
> here. I had to be back in LA that Friday.
>
> I sold my sister's condo in the Lakes last year for a good profit
> after having it in the family for over 10 years. Her condo was two
> bedrooms and about 1100 sq feet which we bought originally in 1994 for
> $56K and later sold for $184K. My sister only made modest
> improvements in the 10 years she occupied it.
>
> My house however appreciated must faster after only living in it about
> 2 1/2 years. I was lucky enough to sell it before the boom ended.
>
> Contact me if you need any info on buying a house here.
>
> Big Mikey
>
>
Welcome back BM: The condo I stayed in was about 1150SF and is appraised at
$240K.
I liked the place and it had enough room for me and the wife. Not sure if
I'd like the heat and sun of living in las vegas, but I enjoy the visits.
Maybe by the time I'm ready to move, the market in LV will go down the
toilet and I can find good deals on condos.
FARMER JOHN
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